Actually, the chart is a joke, and a funny one I might add, which shows a black swan (a la Nassim Talim’s work The Black Swan) interspersed over the daily chart of the S&P 500. It’s one of those instances that adds a little levity to chart analysis.

I also had to post the ‘analysis’ by Trail who interpreted the chart pattern as:

Black swan? Ha! If you had been around charts and technical analysis as long as I have, you would recognize that as a speckled turkey. It has only appeared 7 times in the last 97 years of market history. Always followed by a market correction of at least 32%, along with cranberry sauce and a long weekend.